Bay Head & Mantoloking Market Update - February 2024
As you can see below, January 2024 was a quiet month for the Bay Head and Mantoloking real estate market. Comparing January 2023 to January 2024, we can see that 2023 was a bit busier - 7 active listings vs 6 now, and there was one closing and one under contract listing in each town in January of last year (none this year). The largest contributing factor is still thought to be relatively high interest rates, though they are predicted to come down this Spring. If and when that happens, inventory is likely to increase. As we progress into February, there have been a couple of new listings, and some homes that were previously listed have come back on the market. Our listing at 47 Mount Street, Bay Head, will be back on the market soon. As always, please reach out with any questions that you may have about the market, rates, or anyting else.
You can search and browse all listings here. Though prices remain strong, proper pricing and marketing remain important.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will help you to better track the pulse of the market.
Note that we are now providing town statistics in a new format. The number before the slash (/) is for Bay Head, the number after the slash is for Mantoloking. This way, we can provide you with more detailed information. NOTE: You may see that some numbers are marked 0 or NA - per the MLS there is no data for that statistic for this time period - eg - no closings, or no new listings.
NEW: If a ↑ or a ↓ accompanies a statistic, that is the direction of the trend from the previous month's number - up or down.
If you would like to talk about the market, your property, or anything else, please let us know. All conversations are confidential.
Statistics are per the Monmouth/Ocean MLS as of 2/13/2024, and are provided for the month just concluded.
N/A/N/A
Average Sales Price
1.0/4.3
Months of Supply
N/A/N/A
Average Days on Market
Homes Sold
N/A/N/A
Sale-to-List Price
0/1
New Listings
2/4
Active Listings
0/0
Under Contract
0/0
Closed Sales
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Get an accurate home value report from us, or, if you have another question, just let us know!
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